Yesterday the indicators showed average buying. The CI futures were down at 1355 in early morning and closed at 1375. Those who bought clearly made a comfortable profit.
The CPO futures which hit a new high on Tuesday closed down lower and now trigger a "take profit while still high" environment.
Those who have taken profit can now prepared for to enter the market when the price is below Moving Average 5 and continues to average buying. As usual the market will rebound and prepare to take profit once it moves above Moving Average 5.
Richard Donchian and Ed Seykota are still my mentors and have great influence on my trading decision.
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